Notice 636 Negotiable Certificates of Deposit

Requirements for banks on the issuance and safekeeping of negotiable certificates of deposit and bearer securities.

Negotiable Certificates of Deposits

Issued pursuant to:

Applies to: Full Bank (Locally Incorporated) , Full Bank (Branch) , Wholesale Bank (Branch) , Wholesale Bank (Locally Incorporated)

View Notice Notice 636 Negotiable Certificates of Deposit (142.2 KB)

This notice applies to all banks that issue, or act as an authorised depository for negotiable certificates of deposit (NCD) or bearer securities. It sets out requirements on issuance and safekeeping of NCDs and bearer securities.

16 Mar 2023: MAS Notice 636 (Amendment) 2023 (152.8 KB) takes effect.
01 Jul 2021: MAS Notice 636 (Amendment) 2021 (605.2 KB) takes effect.
25 May 2004: MAS Notice 636 (Amendment) 2004 takes effect.
01 Mar 2004: MAS Notice 636 dated 01 March 2014 takes effect.